GE to Supply 795 Megawatts of Wind Turbines in Brazil, Colorado

Nov. 21 (Bloomberg) -- General Electric Co., the largest
U.S. producer of wind turbines, agreed to supply 795 megawatts
of systems for projects in Brazil and Colorado. Terms weren’t
provided.

GE won contracts for 545 megawatts in Brazil, about 63
percent of the capacity awarded in a government-organized
auction, the Fairfield, Connecticut-based company said in a
statement today. The 1.7- and 1.85-megawatt turbines will be
used in 26 wind farms by seven developers, and the orders
include 10-year service agreements.

The sales resulting from the Nov. 18 auction add to deals
GE completed after a similar event in August, totaling about 1
gigawatt of turbine orders.

The company also agreed to supply 250 megawatts to the
Golden West wind farm in El Paso County, Colorado, which will
use 147 of its 1.7-megawatt turbines, it said in a separate
statement today. GE will maintain the systems under a five-year
agreement.

Xcel Energy Inc.’s Public Service Co. of Colorado will buy
the wind farm’s electricity, enough for about 77,500 homes,
under a 25-year contract. The state is required to generate 30
percent of its energy from renewable sources by 2020.